Markets closed lower today, continuing yesterday’s decline after the Fed announced Operation Twist and gave a pessimistic outlook citing the significant downside risk for the US and global economy. Markets were also under pressure because of concerns of economic slowdown in Europe and China. From 2:20pm yesterday (when the Fed statement was published) through today’s close, the Dow lost over 660 points (5.8%).
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Markets closed lower after the Fed’s announcement of “Operation Twist” sent the markets reeling. The Dow closed down 283 points, and the S&P down 35 points as the dollar strengthened against the Euro and Yen following the FOMC announcement and pessimistic outlook for the economy.
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Markets were mixed as investors wrestled with the optimism ahead of tomorrow’s Fed announcement and more concerning news out of Europe. The Dow closed up only 7.65 points after reaching +149 earlier in the day, and the S&P 500 closed down 2.00 points.
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Markets closed lower, breaking a five-session rally, after concerns about Europe and Greek default continued to plague the markets. The Dow closed down 108 points, but was well off of the day’s lows (-254) after reports that Greece may have reached an agreement with creditors triggered a rally to pare the day’s losses.
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